Zecotek Proposes to Extend Warrants

Singapore, October 24, 2016 – Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I, OTCPK: ZMSPF), a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, today announced that it proposes to amend the terms of an aggregate of 13,060,213 warrants issued to subscribers of a private placement which closed in three tranches on November 6, November 12 and November 28, 2014. The Company proposes to extend the expiry date from November 6, November 12, and November 28, 2016 to November 6, November 12 and November 28, 2018 respectively.

The amended Warrants will contain an acceleration provision, such that, if, for a period of 10 trading days (the “Premium Trading Days”) the closing price of the Company’s shares is $1.00 per share or higher, the warrant exercise period for one-third of the holder’s Warrants will be shortened to a period of 30 days. This 30-day period will commence seven calendar days after the tenth Premium Trading Day. An additional one-third of holder’s Warrants will accelerate at $1.50 and the final one-third at $2.00.

The proposed amendment is subject to approval by the TSX Venture Exchange.

This press release may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what may have been stated.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. If you would like to receive news from Zecotek in the future please visit the corporate website at www.zecotek.com.